And taking more money out of the private economy and having the government perform as it has poorly done with the stimulus I don't think is the right way to go.

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Actually, I have been very supportive of a very robust stimulus package from day one. I think this economy has to have a major stimulus initiative because the only group with liquidity is the federal government.

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If we don't get this economy going, the numbers that represent this stimulus package are going to be small compared to the loss of revenue to the federal government for our economy.

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The real reason to oppose increasing tax rates on the wealthy is that it's a good bet they could do more to help the economy if they keep their money rather than have their earnings confiscated by the government and spent on another round of stimulus.

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We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.

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If you look at the fact that the best chance we have for a good economy is the private sector. The government cannot create jobs. If the government could create jobs, then Communism would have worked. But didn't work. So what we have to do is allow the private sector and the entrepreneurial spirit to lead us back to a job-filled recovery.

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Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.

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Crisis In Our Economy

CRISIS IN OUR ECONOMY
Melvin Banggollay


C-risis in our economy
bellowing like the sea
put many in jeopardy
even government entity.

R-ise of oil prices everyday
put the world's economy
in the brink of ambiguity
putting many in poverty.

I-nvestment cost is heavy
as few can afford today
to create their own entity
for economic prosperity.

S-top curruption in any way
like stealing people's money
through ghost project today
by politicians of no dignity.

I-nstitute in our laws and policy
Currupting government money
is punishable by death penalty
even just by a single penny.

S-haring of wealth for the needy
be a motto of those somebody
like the rich and powerful family
can save many to die in poverty.

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I'm not sure it's the stimulus money that will necessarily allow the economy to recover. It will help to fortify our budgets, frankly, to ensure that there isn't as much backsliding in the areas of education and healthcare, for example.

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Since taking office, President Obama has signed into law spending increases of nearly 25 percent for domestic government agencies - an 84 percent increase when you include the failed stimulus. All of this new government spending was sold as 'investment.'

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You know, if you look back in the 1930s, the money went to infrastructure. The bridges, the municipal buildings, the roads, those were all built with stimulus money spent on infrastructure. This stimulus bill has fundamentally gone, started out with a $500 rebate check, remember. That went to buy flat-screen TVs made in China.

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In World War II the hostility and the exasperation resulting from the statification of the economy and the strain of the war have been directed as much against the government as against private capital.

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Milton Friedman

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

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Private Money

Dynasty private banks hate the State
Dynasty private money hate the fate
we all were told,
The world sold all gold. Honey, honey
Private money. Mankind find in mind,
Front page, low wage,
David Ricardo’s dangerous offence,
Makes no sense. Honey, honey
Private money. Interest of money out of nothing,
You knew the true, anything.
Bless confess negligence,
Birth of earth impotence. Honey, honey
Private money. They are not the world to neglect
The true of this world ugly content.
Their hate will attend tough low blow,
Their fate is a soon end down below. Honey, honey
Private money.

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We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.

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The buying of time or space is not the taking out of a hunting license on someone else's private preserve but is the renting of a stage on which we may perform.

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Today, our economy is divided: fifty percent is the public economy and fifty percent is the private economy that includes small companies employing from 4 to 200 workers.

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Alphabetic Inspiration

When all else fails
The Economists look to
The alphabets for inspiration
Will the economic recovery be V shaped?
Yes indeed, say the very optimistic
With the stimulus package
There is only one way
That world economy can go and it is up
Not really, say the less convinced
It will probably be U shaped
The down-turn will stay for sometime
Before it slowly climbs up once more
Then come the zigzag theorists
The shape is more likely to be a W they cry
The economy having gone down
Will first go up and then down again
Before moving up with more confidence
Last but not least, are the die-hard pessimists
They believe that the mother of all depressions
Will not end in a hurry and have forecast an L shape
Meaning that, having gone down
The economy will stabilise at the current bottom
Given that the theories have so far
Centred around only four
Of the twenty-six alphabets
There is still plenty of scope for further
Alphabetic inspiration.

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National sovereignty is an obligation as well as an entitlement. A government that will not perform the role of a government forfeits the rights of a government.

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I know it's going to be the private sector that leads this country out of the current economic times we're in. You can spend your money better than the government can spend your money.

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Without The Money

It is always the economy,
Affecting needs.
Always it is!
And not one's education...
Flaunted as perceived.

It is always the economy,
That breathes and feeds on greed.
And no matter if one goes to college...
It is not the Masters or Doctorate degree,
That keeps one perched...
High on a pedestal for all to see.

Without the money,
All pretensions can be dropped.
Oh without that money,
All the bragging seems to stop.
And it is without money...
No one talks about what they've got.
Or fingerpops with a bee-bop hopped.
If money is not felt...
A sobbing begins with a flow,
That can not be mopped.

It is always the economy,
That breathes and feeds on greed.
And no matter if one goes to college...
It is not the Masters or Doctorate degree,
That keeps one perched...
High on a pedestal for all to see.

It is that MONEY!
That holds a head higher than clouds.
It is that money making days sunny.
That ties that magic knot!
And if the economy doesn't feed,
A feeding of greed one receives...
A boo-hooing of tears becomes the reality.

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